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Palantir Lands $10 Billion Army Software and Data Contract
Palantir has secured a massive $10 billion contract with the U.S. Army to unify 75 contracts into a single AI-focused enterprise framework, streamlining procurement and enhancing military readiness. CNBC reports: The agreement creates a "comprehensive framework for the Army's future software and da...
CNBC reports: The agreement creates a "comprehensive framework for the Army's future software and data needs" that provides the government with purchasing flexibility and removes contract-related fees and procurement timelines, according to a release. Palantir co-founder and CEO Alex Karp has been a vocal proponent of protecting U.S. interests and joining forces on AI to fend off adversaries. In May, the Department of Defense boosted its Maven Smart Systems contract to beef up AI capabilities by $795 million.
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